NASDAQ$PRAA

Pra Group Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported increased revenue and record global cash collections driven by growth in the Americas and Europe.

PRA Group reported a strong third quarter with record global cash collections of $519.3 million, a 15% increase year-over-year. Total revenues increased by 7% to $267.9 million, and net income attributable to PRA Group, Inc. rose by 70% to $42.5 million, or $0.92 per diluted share.

  • Record global cash collections of $519.3 million, up 15% year-over-year.
  • Total revenues increased 7% to $267.9 million compared to Q3 2019.
  • Income from operations increased 37% to $88.7 million compared to Q3 2019.
  • Net income attributable to PRA Group, Inc. increased 70% to $42.5 million compared to Q3 2019.

Headline financials

Total Revenue

$268M

Previous: $250M+7.1%
EPS (adj)

$0.92

Previous: $0.55+67.3%
Cash efficiency ratio

65.6%

Previous: 60.2%+9.0%
Capital Expenditures

-$12.9M

Previous: -$14.9M+13.3%
Free Cash Flow

$29.6M

Previous: $10.1M+193.5%
Net Income

$42.5M

Previous: $25M+70.2%
Operating Income

$88.7M

Previous: $64.7M+37.1%
Gross Profit

$268M

Previous: $250M+7.1%
Cash & Equivalents

$92.8M

Previous: $90M+3.1%
Total Assets

$4.2B

Previous: $4.12B+1.9%
Stock-Based Comp

$3.1M

Previous: $2.97M+4.1%

Revenue & EPS history

Pra Group · Revenue · Quarterly

$268M

Q3 2020+7.1%vs Q3 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Pra Group · $266M total across 3 segments · Q3 2020

  • Portfolio income
    $240M
  • Changes in expected recoveries
    $25.4M
  • Other revenue
    $233K

Forward guidance

Company anticipates charge-off rates will rise increasing supply globally.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

+0.5%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+2.2%

Avg return

30 days after

47%

32 / 68 earnings

Positive

+37.1%

Q1 2020

Best reaction

-31.0%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-8.1%-29.6%
Q4 2025+24.0%+34.6%+33.0%
Q3 2025-11.1%+0.7%+17.6%
Q1 2025-29.4%-30.0%-26.1%
Q4 2024-4.2%-6.0%-13.9%
Q3 2024+14.3%+16.0%-0.4%
Q2 2024-10.3%-5.3%-7.5%
Q1 2024+0.4%+6.1%-16.5%
Q4 2023+21.6%+13.3%-0.8%
Q3 2023+20.3%+14.2%+46.6%
Q2 2023-0.6%-7.1%-12.1%
Q1 2023-31.0%-47.4%-33.8%
Q4 2022+5.8%+5.5%-5.2%
Q3 2022-3.1%+1.7%+7.7%
Q2 2022+2.3%+2.3%-4.8%
Q1 2022-6.5%-8.8%-11.2%
Q4 2021-2.2%-2.0%-1.7%
Q3 2021-2.1%-4.0%-3.6%
Q2 2021+9.6%+6.7%+10.2%
Q1 2021+0.0%-3.1%+0.3%
Q4 2020-2.1%-2.5%-1.0%
Q3 2020-1.0%+5.4%+17.9%
Q2 2020+5.7%+6.9%+7.3%
Q1 2020+37.1%+32.6%+56.3%
Q4 2019+10.6%+8.2%-20.3%
Q3 2019+7.7%+7.3%+6.3%
Q2 2019+11.8%+12.3%+16.4%
Q1 2019+5.6%+5.4%+6.5%
Q4 2018-3.8%-6.8%-16.1%
Q3 2018-11.6%-2.0%-13.0%
Q2 2018-8.6%-5.7%-7.2%
Q1 2018+8.3%+6.4%+12.2%
Q4 2017+8.7%+10.4%+7.8%
Q3 2017+23.7%+20.4%+28.2%
Q2 2017-11.5%-17.7%-26.8%
Q1 2017+10.1%+11.0%+12.0%
Q4 2016-14.2%-17.2%-21.1%
Q3 2016-12.6%+0.3%+20.1%
Q2 2016+6.8%+0.7%+20.7%
Q1 2016-20.7%
Q4 2015-15.9%
Q3 2015-14.1%
Q2 2015-10.0%
Q1 2015+5.9%
Q4 2014-0.7%
Q3 2014-2.3%
Q2 2014-6.2%
Q1 2014-1.5%
Q4 2013+16.7%
Q3 2013-6.2%
Q2 2013+5.6%
Q1 2013+7.3%
Q4 2012+6.9%
Q3 2012+4.4%
Q2 2012+18.0%
Q1 2012+10.5%
Q4 2011-0.6%
Q3 2011-0.5%
Q1 2010-11.0%
Q2 2011-11.0%
Q1 2011+1.7%
Q4 2008+0.4%
Q4 2010+0.4%
Q3 2010+0.1%
Q3 2009+0.1%
Q2 2010-1.0%
Q2 2009-1.0%
Q4 2009-1.0%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro